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Dec 17, 2012
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we got bank of america at a new high. citi group's at a big high. but i'll tell you what's not working at all. nobody is successfully arguing to go long gold. that has not been working. even unlds performed gold overall. so despite the popularity that everybody talks about and concerns about inflation, that trade is not working. >> in the meantime, mr. stovall, right now is it too late to pick up any bargains before the end of the year? i mean, do you just write off the rest of this year and look to next year? or is there something you can do now? >> i don't think you do. we don't make forecasts based on one week in and one week out. but we still have buy recommendations which means we would buy them today. so my feeling is 40% of all election year highs occurred in december. which is twice the second best performing month. so i would tend to say get a little more confidence that there will be some sort of an agreement from washington. and i think the market does work its way higher by the end of the year. >> any areas to avoid? you know we're going
we got bank of america at a new high. citi group's at a big high. but i'll tell you what's not working at all. nobody is successfully arguing to go long gold. that has not been working. even unlds performed gold overall. so despite the popularity that everybody talks about and concerns about inflation, that trade is not working. >> in the meantime, mr. stovall, right now is it too late to pick up any bargains before the end of the year? i mean, do you just write off the rest of this year...
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Dec 31, 2012
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bank of america has given us barely anything right now. >> those are all quite valuable. i think rotating out of bac going into a financial other type but equal quality, so to speak, makes a lot of sense. but i think as it goes, the dow herery here or the implication of buying the dogs of the dow is not going to work presumptively in 2013. >> and you agree, too, jeff, huh? >> absolutely with hpq. listen. carter said it. they're in a dying business. and the businesses that they're in, they're not leading. if you're not leading, that's a recipe for underperforming. >> let me ask you both very quickly. last year if we were standing here, would either of you said that you thought b of a would have been the best performing dow this year? >> no way. >> jeff? >> absolutely not. >> your honor, i rest my case. happy new year, guys. >> happy new year, bill. >> thanks very much. >>> we're still sitting up by nearly 100 points on the dow. president obama earlier on today saying it does appear a deal on the fiscal cliff is nearing. it is within sight. obviously a bit of work still to
bank of america has given us barely anything right now. >> those are all quite valuable. i think rotating out of bac going into a financial other type but equal quality, so to speak, makes a lot of sense. but i think as it goes, the dow herery here or the implication of buying the dogs of the dow is not going to work presumptively in 2013. >> and you agree, too, jeff, huh? >> absolutely with hpq. listen. carter said it. they're in a dying business. and the businesses that...
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Dec 18, 2012
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let's think about this, america. >> my outrage of the day. on that note, thank you so much for watching "street signs." >> that is a thing that makes you go hmm, and we'll see you tomorrow. "closing bell" is next right here on cnbc which is the worldwide leader in business news. >> hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now
let's think about this, america. >> my outrage of the day. on that note, thank you so much for watching "street signs." >> that is a thing that makes you go hmm, and we'll see you tomorrow. "closing bell" is next right here on cnbc which is the worldwide leader in business news. >> hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. the more wall street washington is...
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Dec 14, 2012
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obviously a very difficult day for everybody in america, but we do appreciate you watching "street signs." cnbc will have continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bil
obviously a very difficult day for everybody in america, but we do appreciate you watching "street signs." cnbc will have continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add...
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Dec 5, 2012
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you thaerd at bank of america. you heard it at pnc. of course, citi, the granddaddy of them all with 11,000 job cuts, really moves the needle. that will help earnings quite a bit next year. >> it's amazing. you see this rally in the financials, yet it's because people are being cut right before christmas, and that's unfortunate. >> you know how wall street works. it's all about the bottom line. >> how about business? not just wall street. >> wall street is all about the bottom line. i like to see this cost cutting that's taking place to increase earns and profitability. i also simultaneously want to see some top-line growth as well. i think that the banks are if search of some more top-line growth with different product performances. i kiepds of like more of the regional banks, sun trust, where i think they're going to have a pick-up as a result of this housing -- >> where does their additional r revenue come from? >> well, this housing boom. there's a lot of depressed real estate. people buy homes and bring revenue to these regional a
you thaerd at bank of america. you heard it at pnc. of course, citi, the granddaddy of them all with 11,000 job cuts, really moves the needle. that will help earnings quite a bit next year. >> it's amazing. you see this rally in the financials, yet it's because people are being cut right before christmas, and that's unfortunate. >> you know how wall street works. it's all about the bottom line. >> how about business? not just wall street. >> wall street is all about the...
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Dec 19, 2012
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apply online or at a bank of america near you. >>> welcome back to the new york stock exchange. at the lows of the day right now, so if there was any optimism over the last couple of days showing in this market, seems to have evaporated a bit as we head towards the close. meantime, chinese bank regulators scrambling to head off a potential crisis after a hoe-profile blowup of a financial product invested in a pawn shop. cnbc's chief international correspondent michelle caruso-cabrera is here with more on why this could be the tip of the iceberg. >> a financial security known as a wealth management product. gone bust in china. here's the details. a group of investors in shanghai lost the equivalent of $22.5 million that they thought was going to pay them 11% interest in only one year. their money was supposedly invested in a pawn shop, two car dealerships and entertainment ven urg. these investors were supposed to get their principal and whopping interest payment in november. instead, they got zero and started protesting in front of the bank for days. the situation is raising ala
apply online or at a bank of america near you. >>> welcome back to the new york stock exchange. at the lows of the day right now, so if there was any optimism over the last couple of days showing in this market, seems to have evaporated a bit as we head towards the close. meantime, chinese bank regulators scrambling to head off a potential crisis after a hoe-profile blowup of a financial product invested in a pawn shop. cnbc's chief international correspondent michelle caruso-cabrera...
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Dec 10, 2012
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and what people have lost sight of is almost 70% of all the stock held in america is held by financial institutions and not individuals. we've got to reappraise their role. and finally -- >> go ahead, jack. >> just to complete the thought by saying finally we need some kind of a federal statute, i think, of fiduciary duty for all managers. focuses on long-term, prudent investing. relatively low turnover and low costs. and putting the interest of the clients of these investment managers first. >> you know, they talked about a financial transaction tax in europe and got their heads handed to them as part of the negotiations on their debt. it's not even being talked about in this country as part of the fiscal cliff. what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being
and what people have lost sight of is almost 70% of all the stock held in america is held by financial institutions and not individuals. we've got to reappraise their role. and finally -- >> go ahead, jack. >> just to complete the thought by saying finally we need some kind of a federal statute, i think, of fiduciary duty for all managers. focuses on long-term, prudent investing. relatively low turnover and low costs. and putting the interest of the clients of these investment...
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Dec 6, 2012
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the surprising results of all of america economic survey coming up. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ together for your future. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes coul
the surprising results of all of america economic survey coming up. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where...
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Dec 11, 2012
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. >> up next, one of bank of america's top economists has the three most important things you need for investing in 2013. we'll talk to him. >> also ahead, former fed chairman alan greenspan is back. he rebelieves a recession from going over the cliff would be a cheap price to pay to fix our policies. he'll explain why in an exclusive interview with maria coming later on "closing bell." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 20
. >> up next, one of bank of america's top economists has the three most important things you need for investing in 2013. we'll talk to him. >> also ahead, former fed chairman alan greenspan is back. he rebelieves a recession from going over the cliff would be a cheap price to pay to fix our policies. he'll explain why in an exclusive interview with maria coming later on "closing bell." [ male announcer ] you are a business pro. monarch of marketing analysis. with the...
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Dec 20, 2012
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a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> countdown to the best and worst trades of the year continues now with a look at a stock that captivated our attention in 2012. there's a look at the wall, the big reveal, it certainly did not live up to its hype, and that is facebook. maria, i mean, the morning of may 18th there was so much optimism in the market about this ipo. >> right. >> remember bob grifeld was out there at nasdaq. >> muscle shirt. >> next to mark surkberg, stock at 38 and went up
a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and...
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Dec 31, 2012
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america's economy held hostage gips at 6:00 p.m. eastern time tonight. >> indeed it does. >>> also insiders view now it is a fact we are going over the cliff. what does it mean when we start trading on wednesday? >>> when we come back, a couple of technology pros gaze into their crystal balls this new year's eve. one of them thinks facebook will buy netflix and microfox will take over research in motion. oh, yeah? we'll talk about that coming up. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "na
america's economy held hostage gips at 6:00 p.m. eastern time tonight. >> indeed it does. >>> also insiders view now it is a fact we are going over the cliff. what does it mean when we start trading on wednesday? >>> when we come back, a couple of technology pros gaze into their crystal balls this new year's eve. one of them thinks facebook will buy netflix and microfox will take over research in motion. oh, yeah? we'll talk about that coming up. [ male announcer ] at...
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Dec 31, 2012
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however, there still is quite a bit of upside in bank of america. it dropped tremendously over the last couple of years leading into last year. there's a lot of tax laws at the end of last year which drove it down to $5 a share. obviously this year anybody who's bought it in the last year has had some pretty good gains. this stock was $18 just a couple of years ago and can certainly get back into the mid to upper teens. what it needs to get through is a better capital markets environment, so we hope that all these people in washington are listening and let the market get back to normal business. it also needs to get through a lot of mortgage headaches, and there's still a lot of them out there -- liz: and, frankly, anton, regulatory overhang. >> exactly. liz: a lot of capital requirements, for example, which may squeeze margins. >> well, i think that's all sort of been out there. the banking industry is better capitalized than it's ever been in its entire history. most banks, one would argue, have too much capital. and, you're right, it does squeeze
however, there still is quite a bit of upside in bank of america. it dropped tremendously over the last couple of years leading into last year. there's a lot of tax laws at the end of last year which drove it down to $5 a share. obviously this year anybody who's bought it in the last year has had some pretty good gains. this stock was $18 just a couple of years ago and can certainly get back into the mid to upper teens. what it needs to get through is a better capital markets environment, so we...
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Dec 14, 2012
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>> absolutely. >> that's how america normally does, it i guess. let me ask you. interesting to look around the world and see austerity everywhere you look. we're looking at this subject, whether it's in the united states, in italy, throughout europe. give us your sense of what's going on with the debt situation in italy right now. news today, of course, that the public debt rose above 2 trillion euro for the first time in october. can the government get the debt under control in italy? >> you know, we started to manage our spending review last year when government took place. there was a huge parliamentary alignment around the agenda of the prime minister because the crisis effect was that there was no alternative, so everyone had to really support an agenda of tackling the control of costs and tackling the reforms that every country needs, every democracy needs. the agenda was put in place so fast that it had an effect also on the italian reputation and negotiating power versus the other european countries, and the effect of that, all the measures that the ecb t
>> absolutely. >> that's how america normally does, it i guess. let me ask you. interesting to look around the world and see austerity everywhere you look. we're looking at this subject, whether it's in the united states, in italy, throughout europe. give us your sense of what's going on with the debt situation in italy right now. news today, of course, that the public debt rose above 2 trillion euro for the first time in october. can the government get the debt under control in...
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Dec 27, 2012
12/12
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money center banks like bank of america down 1 1/4%. goldman down 1%. morgan stanley down .8 of a percent. all those stocks are under pressure. tech stocks notably weak. apple inching to the round 500 dollar level. down to 510. it was north of 700 when iphone 5 came out early september. so the bear market continues to apple. as you can see, google also down, down about five bucks on the day. ibm down slightly a .10 or two. hewlett-packard off today, down one 3/4%. coming up later we have a contrarian investors sees big opportunity for hp in 2013. he nailed down the move in bank of america this year. he said it was the stock to buy. he was right. stick around for what he has to say about hewlett-packard. interesting stuff. what an interesting day. let's look to the floor show. traders at new york stock exchange, the cme group and the nymex. my, oh, my. let's begin with ben willis at the newscy. -- nyse. we had some bias coming in the last half hour. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally ha
money center banks like bank of america down 1 1/4%. goldman down 1%. morgan stanley down .8 of a percent. all those stocks are under pressure. tech stocks notably weak. apple inching to the round 500 dollar level. down to 510. it was north of 700 when iphone 5 came out early september. so the bear market continues to apple. as you can see, google also down, down about five bucks on the day. ibm down slightly a .10 or two. hewlett-packard off today, down one 3/4%. coming up later we have a...
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Dec 26, 2012
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let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on de
let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the...
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Dec 7, 2012
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this is according to the plan sponsor council of america. what's different, though, retirement plan experts tell me is that this is a way for corporations to better manage their costs. the unfortunate thing for many workers, according to financial advisers, is of course you're going to miss out on the dollar cost averaging of this added contribution, and that means you may miss out on longer-term returns. >> sharon epperson, thank you very much. what does this all mean to your retirement savings? allison says in today's economic climate this is a welcome trade-off. >> but bridget is more concerned and says employees become a lot more vulnerable to swings in the market. both of them join us now. thank you very much for joining us today. allison, let me get to you first. do you feel maybe this is something that employees are going to have to get used to? >> well, it's certainly something employees should be aware of. s it a change. it is ultimately a benefit reduction. in the grands scheme of things, however, with all the changes we've seen ov
this is according to the plan sponsor council of america. what's different, though, retirement plan experts tell me is that this is a way for corporations to better manage their costs. the unfortunate thing for many workers, according to financial advisers, is of course you're going to miss out on the dollar cost averaging of this added contribution, and that means you may miss out on longer-term returns. >> sharon epperson, thank you very much. what does this all mean to your retirement...
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Dec 10, 2012
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bank of america. it trades at one fifth of the value of apple. you get ten to 20 times as much in sales or profits and book value. that does not mean it is a great company. it means that the share price already reflects that it is a struggling company. it reflects the fact that apple is a golden success story. it has to remain a golden success story for the coming ten to 20 years. liz: you are so welcome to show people the trends over the years. i am glad we identified exxon mobil. thank you. it is great to have you on the program. ethan allen. a big name out there. has all the comforts of home. it is everything. the retailer is riding the wave of a housing recovery. on top of that, it is dishing out money to shareholders before the end of the year. farooq kathwari on what he fast dividend. his 70 plus stores in china and how good he thinks the holiday shopping season may be. that is next in a fox business exclusive. ♪ can i help you? i heard you guys can ship ground for less than the ups store. that's righ i've learned the only way to get a ho
bank of america. it trades at one fifth of the value of apple. you get ten to 20 times as much in sales or profits and book value. that does not mean it is a great company. it means that the share price already reflects that it is a struggling company. it reflects the fact that apple is a golden success story. it has to remain a golden success story for the coming ten to 20 years. liz: you are so welcome to show people the trends over the years. i am glad we identified exxon mobil. thank you....
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Dec 26, 2012
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. ♪ dennis: -- >> looked worse earlier, the past hour or so, the dow just in the green, bank of america doing some heavy lifting today. it's the one dow stock hitting new highs. good afternoon, everybody, i'm ashley webster, the last hour ever trading, and the count down to the closing bell begins right now. as i said earlier on, appears the bulls had too much eggnog and christmas cheer thanks to the continued uncertainty of washington, no real progress on a debt deal. the house speaker stuck in a blizzard in ohio, but you know what? the dow managed to raise earlier, just up a hint now, just a touch. meanwhile, the nasdaq, the s&p500, and the russell, as you can see, down slightly on the day after christmas. retail stocks are casting a follow on the market, the s&p500, the high end end names, all in the red. we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lower on poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit
. ♪ dennis: -- >> looked worse earlier, the past hour or so, the dow just in the green, bank of america doing some heavy lifting today. it's the one dow stock hitting new highs. good afternoon, everybody, i'm ashley webster, the last hour ever trading, and the count down to the closing bell begins right now. as i said earlier on, appears the bulls had too much eggnog and christmas cheer thanks to the continued uncertainty of washington, no real progress on a debt deal. the house speaker...
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Dec 12, 2012
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. >> the executives at aig, lehman brothers, bank of america, countrywide mortgage had nothing to do with this. this was all the government's fault. >> the government created the conditions where they did what they did, and if the government had kept a stable dollar you never would have needed this currency trading, default swaps and the like, so when you have a bad environment, people try to adjust to it, and the crazy things happen. in the 1970s, ail went from $3 to $40 a barrel and when we conquered the inflation and went back down, and we should do the same thing today. stable dollar, like 60 minutes an hour, thinking that changing minutes in an hour will help stimulate the economy, no. we need stability. >> gentlemen, you have very sufficiently filled eight minutes and i'm sure you could have filled 18 had we given them to you. >> two smart guys with two very different opinions. >> good to see you both. >> thanks. >> see you later. >> thanks for joining us. manpower survey shows businesses will continue to hire in the first quarter of next year with the fiscal cliff looming larg
. >> the executives at aig, lehman brothers, bank of america, countrywide mortgage had nothing to do with this. this was all the government's fault. >> the government created the conditions where they did what they did, and if the government had kept a stable dollar you never would have needed this currency trading, default swaps and the like, so when you have a bad environment, people try to adjust to it, and the crazy things happen. in the 1970s, ail went from $3 to $40 a barrel...
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bank of america gaining another 1.5%. shares of 90% this year. basic materials among the worst. alcoa up by more than 1%. payroll coming in well above expectations. 146,000 jobs added in the month of november. sandy did not have that much of an impact on the numbers. unemployment fell to the lowest level in nearly three years to 7.7%. more people stopped looking for work, all together. consumer sentiment, not as strong heading into the holidays. preliminary index actually fell in december. economists had to look for a slight increase. investors continue to get out of apple. the tech giant having its worst week since they of 2010. apple is in they are barking territory. shortly after the iphone5 came out, part of it in the near profit. let's get to the floor show. bobby, i want to start with this jobs number today. the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there ce
bank of america gaining another 1.5%. shares of 90% this year. basic materials among the worst. alcoa up by more than 1%. payroll coming in well above expectations. 146,000 jobs added in the month of november. sandy did not have that much of an impact on the numbers. unemployment fell to the lowest level in nearly three years to 7.7%. more people stopped looking for work, all together. consumer sentiment, not as strong heading into the holidays. preliminary index actually fell in december....
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Dec 10, 2012
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i'll let america settle it and figure it out on its own. >> all right. john, what are your clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the weekend was a lot better than it had been. moving a little bit. senator corker moving as well. we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been see
i'll let america settle it and figure it out on its own. >> all right. john, what are your clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i...
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Dec 21, 2012
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we have bank of america and caterpillar. all of that pales in comparison with research in motion. the stock getting taken out to the woodshed. the services business is about 30% of revenue. to be pretty clear about this, research in motion change the pricing model for 2013, and the impression is it the thumbs down. totally different story for investors. the software maker jumping about 4.5% here. better than expected third-quarter numbers. prescription revenues are up year-over-year. we are going to talk about the drivers. something called private cloud with red hat ceo, james whitehurst. what uncertainty is cooking up. we will ask them as a business leader, his perception of ceos who blame the uncertainty for what is happening to their companies and their stocks. okay, when we look at the calendar, almost single digits -- 10 days before we head over the fiscal cliff. it really doesn't look like we're any closer to a deal. now, there is no plan. it is republicans fighting while democrats watch. reporter: that's right. speaker boehner in the face of opposition from dozens of conser
we have bank of america and caterpillar. all of that pales in comparison with research in motion. the stock getting taken out to the woodshed. the services business is about 30% of revenue. to be pretty clear about this, research in motion change the pricing model for 2013, and the impression is it the thumbs down. totally different story for investors. the software maker jumping about 4.5% here. better than expected third-quarter numbers. prescription revenues are up year-over-year. we are...